Big money is getting behind mobile payments, and for good reason. Forrester Research estimates that revenue from mobile transactions will grow 48% annually from now through 2017.
Growth like that attracts disruptors. For example, WePay has introduced an iOS app for helping small businesses process invoices from anywhere using a credit card. There's also Plastiq, which, according to TechCrunch, just raised a $6 million round of funding for helping customers use credit cards to pay for services that historically have only taken cash.
Do either of these ideas threaten eBay , which processed $14 billion in mobile payments last year -- a 250% increase -- through its PayPal unit? Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova cautions against writing off the incumbent, and also offers what he considers to be a better play on the overall opportunity. Find all the details in the video below, and then leave a comment to let us know what you think.
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The article The Hottest Tech Play Right Now originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Google at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool owns shares of Google, Starbucks, and eBay. Motley Fool newsletter services have recommended buying shares of Starbucks, eBay, and Google. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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